Canada
The end of Canadian real estate insanity
New York Times headline caught my eye the other week: Housing Fades as a Means to Build Wealth, Analysts Say. The article went on to report that, while most real-estate experts believe the U.S. housing market will recover from falling off the cliff, many also feel that home ownership will never again produce the rich rewards enjoyed in the second half of the 20th century.
Doom and gloom predicted for Vancouver house pricesKerry Gold CTV News 01.09.2010 | |
 A new doomsday report warns Vancouver's housing market could be hit by a burst bubble -- and a drop in prices by as much as 30 per cent. |  The Canadian Real Estate Association has voted for controversial changes to allow homeowners manage more of the home selling process on their own. |
Canada’s Real Estate Market Expects Better Housing StartsMedha Sood Top News 09.03.2010 | 2010 visitors buy $32 million in Vancouver real estate CTV News 01.03.2010 |
 The real estate market of Canada failed to show any signs of recovery, though a research expected 10% of Canadians to start indulging in buying homes in a period of next two years and the percentage of Canadians who seek buying a house as a long term investment increased to 91%. |  The 2010 Olympic Winter Games were solid gold for a Vancouver-based real estate developer specializing in luxury suites. |
Metro Vancouver real estate hot, not yet overheating: Conference BoardDERRICK PENNER VANCOUVER SUN 02.02.2010 | Vancouver’s home prices rated ‘most unaffordable’Brian Morton Vancouver Sun 25.01.2010 |
 VANCOUVER - Metro Vancouver’s real estate market warmed up considerably at the end of 2009, but likely won’t overheat as 2010 progresses, new data released Friday by the Conference Board of Canada suggests. |  VANCOUVER — Vancouver is the least affordable housing market in nearly 300 metropolitan markets worldwide, according to a study released Monday. |
Canadian Government Considers Measures To Cool Real Estate Market Property Wire 21.01.2010 | How To Buy Real Estate In Canada International Property Journal 04.01.2010 |
 Posting a record-breaking year-over-year sales increase for December, bigger down payments and shorter amortization periods are among the measures being considered to cool off a rapidly heating Canadian real estate market that has seen seasonally adjusted sales rise for 11 straight months. But where some see a bubble others predict that prices will begin to come down as inventory returns to the market. See the following article from Property Wire for more on this. |  The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this. |
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